Amax buys Russian gold mine
Amax Gold (AU-N) has bought a half interest in the Kubaka gold mine in far eastern Russia from Cyprus Amax Minerals (CYM-N).To complete the transaction, Amax issued 11.8 million shares of common stock…
News
BASE METALS — Cambior anticipates green light for Carlota project — Company spends five years and US$52 million preparing for production
After considerable delays, Montreal-based Cambior (CBJ-T) expects to receive environmental permits for its Carlota copper project in east-Central Arizona.The company has spent five years and US$52 mil…
Activity heats up in Burkina Faso — Juniors busy exploring, Poura mine gets new lease on life
Exploration results from several work programs are confirming the gold potential of Burkina Faso and, at the same time, adding impetus to efforts to revive the dormant Poura gold mine in the West Afri…
Timmins project keeps Holmer rooted at home
BBY THOMAS BROCKELBANKWhile it is making a name for itself with its Cuban projects, Holmer Gold Mines (HGM-T) is keeping one foot firmly planted in one of Canada’s oldest mining camps.Holmer has a 100…
Mar-West and Curion Ventures test Sinter gold zone in Honduras
The most recent drill results from the Sinter gold zone at the San Martin concession in central Honduras indicate that the mineralized blanket covering the dome-shaped hill thins to the northwest, wit…
BASE METALS — Spectrum Res. explores nickel prospect in Vietnam
Newly listed Spectrum Resources (SPC-V) is continuing to explore and develop nickel targets at the Ta Khoa concession in Vietnam. This year’s program consists of 16 holes drilled over approximately 2,…
CIM awards recognize Canadian mine safety
Four Alberta mines were among the operations awarded the 1996 John T. Ryan National Safety Trophy at the annual meeting of the Canadian Institute of Mining Metallurgy & Petroleum in Vancouver.The awar…
Gabriel seals Romanian JV deal
Denver-based junior Gabriel Resources (GBU-V) has signed a joint-Venture agreement with the Romanian state-owned mining company Regia Autonoma a Cuprului Deva.The partners are establishing a Romanian …
Curator revises Boleo estimate
A new preliminary resource estimate for International Curator Resources’ (IC-T) Boleo property in Baja California Sur, Mexico, shows a slight decrease in copper values but almost a 12% jump in cobalt….
Catalina begins drilling at Pilar
A 1,700-Metre program of reverse-Circulation drilling has begun on Santa Catalina Mining’s (SLM-V) 2,372-ha Pilar project in northwestern Mexico.Situated in Sonora state, the project comprises four go…
BASE METALS — Search continues for more Labrador nickel — Teck, Falco join thinning field of juniors
Although the rumble of helicopters and diamond drills will once again be heard over Voisey’s Bay, Labrador, the ranks of junior companies exploring in the region are thinning.Only a handful of compani…
STOCK MARKETS — Western investors cool to foreign-oriented juniors — Reward and Taseko among few that manage to buck downward trend
Western markets lost ground again over the report period ended June 17. The Vancouver Stock Exchange dropped 42.73 points to 918.59, whereas Alberta was off 62.58 points at 2,388.22.Gold Canyon Resour…